Latest online retail news – Page 46
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NewsAsos suspends business with Russia following Ukraine invasion
Online fashion giant Asos has suspended sales to Russia in the wake of outrage over the invasion of Ukraine.
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NewsSainsbury’s puts 2,000 jobs at risk as it overhauls eat-in and takeaway offer
Sainsbury’s will close 200 of its in-store cafes, putting 2,000 roles at risk, as it looks to roll out more of its Restaurant Hub food hall formats.
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NewsTesco and Gorillas extend rapid delivery partnership to Manchester
Tesco has expanded its rapid delivery partnership with Gorillas into the north of England, fulfilling customer orders from its Stretford Extra store.
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NewsFarfetch records full-year sales surge and profit growth
Farfetch chief executive José Neves hailed the luxury fashion etailer’s “strong momentum” as the business delivered strong fourth-quarter and full-year sales growth.
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NewsUpdated: Frasers buys Studio Retail out of administration
Mike Ashley’s Frasers Group has bought Studio Retail out of administration for £26.8m, saving 1,500 jobs.
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NewsStudio formally calls in administrators following cash call crisis
Online retailer Studio has formally drafted in administrators after signalling the likelihood of collapse earlier this month.
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NewsMade boss Chainieux steps down with immediate effect
Made.com chief executive Philippe Chainieux has stepped down from the etailer with immediate effect for family reasons.
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NewsLeaders from Revolution Beauty and Very to converge at Retail Week’s ecommerce summit
Those at the helm of UK retail will gain exclusive access to insights on maximising online strategy at the inaugural Accelerating Ecommerce Week in-person summit on March 17.
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NewsOcado eyes new French partners following Casino joint venture
Ocado has struck a joint venture with partner Groupe Casino that means it can offer its technology to other grocers in France and pick from the group’s stores.
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NewsShopify warns of online slowdown despite soaring revenues
Shopify has warned that the likely absence of a “Covid-triggered acceleration of ecommerce” in the first half of 2022 looks set to impact revenue growth.
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NewsBoohoo’s ‘sexually suggestive’ advert banned by watchdog
Boohoo has had one of its adverts banned by the advertising watchdog following complaints that it was “sexually suggestive”.
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NewsReiss overhauls online fulfilment offer as it launches on Next Total Platform
Reiss has ramped up its online fulfilment proposition and relaunched its website in a bid to drive ecommerce sales.
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NewsWaitrose relaunches customer loyalty programme after doubling investment
Waitrose is set to relaunch its myWaitrose loyalty programme after doubling investment in the scheme, calling it “our biggest initiative to add value” for customers in a decade.
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NewsPeloton replaces boss and cuts 2,800 jobs amid sales slowdown
Exercise equipment brand Peloton, which grew in popularity over pandemic lockdowns, has revealed it is replacing its chief executive and will lay off 2,800 employees.
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NewsOcado boss downplays effects of food inflation on online grocery sales
Ocado boss Tim Steiner has said the pureplay grocer has been largely immune to the inflationary price rises gripping the industry and downplayed risks to sales.
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NewsOcado earnings slip in year of tech investment
Online grocer and tech platform Ocado has reported a fall in full-year earnings as it invested in technology.
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NewsAmazon reveals sales surge and ups price of Prime subscription
Amazon has reported a rise in sales and earnings over the Christmas quarter and is to increase the cost of a subscription to its Prime service.
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NewsVirgin Wines blames rising cost pressures as it issues profit warning
Virgin Wines has blamed a host of macroeconomic factors, including spiralling inflationary and other cost pressures, after issuing a profit warning.
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NewsAnn Summers exits CVA as it swings back into black
Ann Summers has returned to profit as a result of its turnaround strategy, driven by strong online performance during the pandemic.
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NewsMarks & Spencer launches livestreaming shopping service
Marks & Spencer aims to inspire customers and generate spend with the launch of a live shopping service on its website.